Our disconnected comparisons for this issue are R.R. Donnelley & Sons Company (RRD) and American Israeli Paper Mills Ltd. (AIP).

The attached graph indexes these companies' stock values and the PM40 to their 04 January 2002 values. A USD 100 investment in RRD on that date would have been worth USD 141.59 on 25 May 2007. A USD 100 investment in AIP on 04 January 2002 would have been worth USD 147.36 on 25 May 2007. A USD 100 investment in an equal weight of the PM40 on 04 January 2002 would have been worth USD 147.00 on 25 May 2007.